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. EMOIIY C. IORDAN. 111 i
ASSUMPTION AND RELEASE AGREEMENT Mcc%EE. IOHNiON. JOUDAN. HUTCNESON. Y«,~.. ~ ~
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51531~'~~ fEOERAL SAV~ ;~LOA~NUD[1N (f
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THIS AGREEMENT, Made and eaterod into this ~~1 - '
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~~p ROHBRT 1~. J]~COBSON and ROBBRTI- S. JAC08 SON, his fe„
heroinaRe~ roferrod to as tbe Purchat~r, and FIRST FEDERAL SAVINGS dt LAAN ASSOCtATION OF LAKE WORTH. a oorporation
organized and existin~ unde~ tbe laws of the Uaited States of Amcrica. ~nd hereinaRer refemed w at the Mat~ee:
WITNESSETH: ~
WHEREAS. beins indebted to the Monsagoe for t 42 ~ 400. 00
~ March 27 lg 80 ~ WEDG$ DSVSLOPI~NT COI~ANY, INC., a Florida Carc~orations
wiLLIAN S. BDGS, Individuallv.
hereinaRer referred w as Mortg,a6or, executed a a~o~tga~e note in said amount W the Mo~ts,ag~ee. therabY ~t~'~~t b WY t6e Mataa~ee uid amowrt
in moathly inaWlmeats of S 495. 24 each, includina intec~ and
WHEREAS. oa tbe aame date. and at security for said note. the Mortaa~or e:ecuted a mataa~e deed to Mortaa~ee. it beiu~ rooaded ia the
oflicx of the Ckrk af d~e Circuit Court in and for ST. LUCIE ' . Cotwty. Fbrid~, ao
Anr~i 1~7 , 19..$,~_, ia Offici~l Record B~ 328 , py~ 2607 ,
and eacumberin6 p-'oPa~tl- located in ST. LUCIE County, to-wi4
Lot 6, Black 1290, PORT ST. L[ICIS
Plat thereof, as recorded in Plat
SSG, of the Public Records of St.
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SECTION 7~lELVE, accordinq to the
Book 12, Paqes 55 and SSA throuqh
Lucie County, Florida.
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WHEREAS. Mort~,a~x haa aold ud oonveyed said pr~operty to the P~ur,ha:er ud requeued the Mortgaa,ee to nkate Mortsa~or from persaoa! ~
I;abiGty raultin6 from the execution d the mortaa~e note: and the Purchaser. u a put of the purcha:e price.l~ss sarced w asawne aM w p~y tba 1
mortgs~e nde and ad+ees to all the conditions contained in the matg,~e.
~ WHEREAS. tbe Mort~,y~ee has agreed to albw the asswnptioo aod payment of the eote ud mortaade by the Pw+cha:er aod to the:in;ultaoeous ,
rekase of the Mortga~, Provided tbe interat nte, ihe monthly principal ard 'wterest WYments. tbe P«WY~~ P~~~ and the late chnr~e af tbe ? ~
~ ~ ~ ~ ~ ~ ~~°°~ ~,R34 L ~175544 }
~ ~~~x 7 p~~1943 ~
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